Question
Blue Spruce Corp. has been in business several years. At the end of the current year, the unadjusted trial balance shows: Accounts Receivable $318,500 Dr.
Blue Spruce Corp. has been in business several years. At the end of the current year, the unadjusted trial balance shows:
| Accounts Receivable | $318,500 | Dr. | |
|---|---|---|---|
| Sales Revenue | 2,049,800 | Cr. | |
| Allowance for Doubtful Accounts | 5,527 | Cr. |
Bad debts are estimated to be 7% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts.
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The Life Audit A Step By Step Guide To Taking Stock Gaining Control And Creating The Life You Want Now
Authors: Caroline Righton
1st Edition
0767923294, 978-0767923293
